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Fidelity crypto vets form venture capital firm

Castle Island Ventures has been launched by Matt Walsh and Nic Carter, who previously worked on Fidelity's crypto-asset and blockchain initiatives.

A source tells Axios that CIV's strategy will be to focus on those same areas, both making equity investments and buying tokens. So far it's secured around $30 million from backers like former Fidelity colleagues and executives at Highland Capital Partners.

Protesters gather north of Lafayette Square near the White House during a demonstration against racism and police brutality, in Washington, D.C. on Saturday evening. Photo: Jose Luis Magana/AFP via Getty Images

Tens of thousands of demonstrators have been rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds assembled in Washington, D.C., Philadelphia and Chicago for full-day events on Saturday.